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BTC, ETH and XRP Prediction for July 29

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Mon, 29/07/2024 - 15:43
BTC, ETH and XRP Prediction for July 29
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Most of the coins keep rising, according to CoinMarketCap.

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Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 0.68% over the last day.

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Despite today's rise, the price of BTC has failed to fix above the vital zone of $70,000. If the situation does not change by the end of the day, bears may again seize the initiative, which may lead to a drop to the $67,000 mark.

Bitcoin is trading at $67,994 at press time.

ETH/USD

Ethereum (ETH) is the biggest gainer today, going up by almost 2%.

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From a technical point of view, ETH is trading similarly to BTC. If the daily candle closes far from its peak, traders may witness a drop to the $3,200 area shortly.

Ethereum is trading at $3,320 at press time.

XRP/USD

The price of XRP is unchanged since yesterday.

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Image by TradingView

On the daily time frame, the rate of XRP looks bearish, as it has failed again to fix above the vital zone of $0.60. If the drop continues to the support of $0.5805, the accumulated energy might be enough for a blast to the $0.56 zone.

XRP is trading at $0.5947 at press time.

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